Kaya 959 Point of View with Phemelo Motene

Budget 2026: Key Takeaways from Godongwana’s Speech

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Finance Minister Enoch Godongwana says government’s plan to rein in spending and boost revenue is working. The budget deficit is narrowing, debt-service costs are easing, and borrowing will drop to R380-billion in 2026 - down from R563-billion last year. Economic growth is projected at 1.6%, inflation at 3.4%, and a planned R20-billion income tax hike has been scrapped. Tax brackets will also finally adjust for inflation. Phemelo gets reaction from Zwelinzima Vavi, General Secretary of South African Federation of Trade Unions; Mahfouz Raffee, Head of Research at Equal Education; David Harrison, CEO of the DG Murray Trust; and Pikkie Greef, National Secretary of South African National Defence Union.
25 Feb 3PM English South Africa Education · Careers

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